Head - Risk Management - Stock Broking/Capital Markets Firm

Head - Risk Management

Location : Mumbai

Industry : Stock Broking / Capital Markets

Job Overview :

We are looking for a seasoned Risk Management leader with deep expertise in broking operations and regulatory frameworks. The role will oversee end-to-end risk governance across Equity, F&O, Currency, and Commodity segments, ensuring safe, compliant, and efficient business operations.

Key Responsibilities :

1. Market & Exposure Risk (Broking-Specific) :

- Manage real-time risk exposure across all trading segments (Cash, F&O, Currency, Commodities).

- Monitor MTM losses, auto square-offs, and intraday risk alerts.

- Approve client exposure limits, collateral types, and risk category assignment.

2. Credit & Funding Risk :

- Establish credit limits and monitor client-level debit positions.

- Ensure adherence to peak margin norms and upfront margin collection guidelines.

- Review pledge/unpledge processes, collateral haircuts, and funding controls.

3. Regulatory & Exchange Compliance :

- Ensure full compliance with SEBI, NSE, BSE, MCX, and Clearing Corporation risk guidelines.

- Lead risk-related audits, inspections, and regulatory submissions.

- Implement new circulars, margin frameworks, and surveillance directives issued by Exchanges/SEBI.

4. Operational & Process Risk :

- Strengthening controls across order management, trade execution, settlements, and client onboarding.

- Identify process gaps and implement risk mitigation and SOP improvements.

5. Surveillance & Fraud Risk :

- Oversee trade surveillance, alerts, unusual client behavior, and market abuse patterns.

- Work closely with Compliance to mitigate potential regulatory breaches or manipulation risks.

- Implement enhanced monitoring for high-risk clients and high-frequency traders.

6. Team Leadership & Governance :

- Lead the RMS team and build a proactive, risk-aware culture across the firm.

- Present periodic risk dashboards, stress test results, and exposure reports to senior management.

- Collaborate with Technology to enhance RMS systems, auto alerts, and risk automation.

Key Requirement:

- 8-15 years of experience strictly in Risk Management within Stock Broking.

- Strong command of Exchange RMS rules, margin systems, peak margin norms, and market surveillance.

- Experience managing high-volume broking setups and real-time exposure systems.

- Excellent decision-making ability, crisis management skills, and regulatory knowledge.

Qualification : Post Graduation